Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 3,108 $ 3,625
Receivables, net 430,242 378,520
Inventories 1,570,701 1,599,581
Other current assets 26,993 101,386
Total current assets 2,031,044 2,083,112
Property and Equipment, net 1,010,380 886,902
Goodwill 472,437 471,493
Other Intangible Assets, net 80,233 80,876
Other Assets 45,242 39,998
Total Assets 3,639,336 3,562,381
Current Liabilities:    
Notes payable - floor plan - trade 850,537 893,466
Notes payable - floor plan - non-trade 675,353 625,367
Trade accounts payable 117,740 131,204
Accrued interest 13,265 12,640
Other accrued liabilities 236,982 218,507
Current maturities of long-term debt 43,003 33,437
Total current liabilities 1,936,880 1,914,621
Long-Term Debt 839,675 781,145
Other Long-Term Liabilities 61,170 64,245
Deferred Income Taxes 76,447 73,322
Commitments and Contingencies
Stockholders’ Equity:    
Class A convertible preferred stock, none issued
Paid-in capital 721,695 713,118
Retained earnings 541,146 457,010
Accumulated other comprehensive income (loss) (2,262) (5,632)
Treasury stock, at cost; 30,263,196 Class A common stock shares held at December 31, 2016 and 24,675,443 Class A common stock shares held at December 31, 2015 (536,166) (436,195)
Total Stockholders’ Equity 725,164 729,048
Total Liabilities and Stockholders’ Equity 3,639,336 3,562,381
Common Class A [Member]    
Stockholders’ Equity:    
Common stock, value 630 626
Common Class B [Member]    
Stockholders’ Equity:    
Common stock, value $ 121 $ 121